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1791 Navarro Avenue, Pasadena, California 91103, Pasadena, 91103 - 3 bed, 1 bath

1791 Navarro Avenue, Pasadena, California 91103 home-pic-0
ACTIVE UNDER CONTRACT$775,000
1791 Navarro Avenue, Pasadena, California 91103
3Beds
1Bath
1,665Sqft
10,013Lot

Price Vs. Estimate

The estimated value ($775,000) is $0 (0%) lower than the list price ($775,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Pasadena Location: Nestled in desirable Pasadena, the property is minutes from Old Town, the Rose Bowl, and a wide selection of shops and restaurants, offering excellent convenience and lifestyle.
Top Cons:
Short Sale & Lender Approval: The property is a short sale, meaning the transaction is subject to lender approval, which can lead to prolonged closing times and potential complexities.

Compared to the nearby listings

Price:$775.0K vs avg $1.35M ($-572,500)8%
Size:1,665 sqft vs avg 1,816 sqft47%
Price/sqft:$465 vs avg $9423%

More Insights

Built in 1932 (93 years old).
Condition: Built in 1932, the property is explicitly described as being in 'original condition,' which is evident throughout the interior. The kitchen features severely outdated tile countertops and flooring, and basic, older appliances. There is no central air conditioning, with window units visible in the living room and bedrooms. While the structure appears sound and is currently occupied, the interior finishes and major systems are very old and require substantial rehabilitation to meet modern living standards. This aligns with the 'Poor' condition criteria, indicating significant defects in major components and a need for extensive system replacements and rehabilitation.
Year Built
1932
Close
-
List price
$775K
Original List price
$775K
Price/Sqft
$465
HOA
-
Days on market
-
Sold On
-
MLS number
25521865
Home ConditionPoor
Features
Patio
View-

About this home

This is a short sale, subject to lender approval. Welcome to 1791 Navarro Avenue a charming Spanish-style home nestled in beautiful Pasadena. This 3-bedroom, 1-bathroom home sits on an impressive 10,000+ SF lot, offering plenty of room for expansion or a potential ADU. A detached garage, spacious backyard, and a dedicated laundry room add to the home's functionality and appeal. The property is in original condition, providing a fantastic opportunity for investors or buyers looking to remodel and bring their vision to life. Located just minutes from Old Town Pasadena, the Rose Bowl, and a wide selection of shops and restaurants, this home offers a desirable blend of location and potential. Currently tenant-occupied, with tenants operating a licensed assisted living business on-site. Monthly rent is $3,933 per month, and the lease runs through September 15, 2026. Buyer will assume the existing lease.

Condition Rating
Poor
Built in 1932, the property is explicitly described as being in 'original condition,' which is evident throughout the interior. The kitchen features severely outdated tile countertops and flooring, and basic, older appliances. There is no central air conditioning, with window units visible in the living room and bedrooms. While the structure appears sound and is currently occupied, the interior finishes and major systems are very old and require substantial rehabilitation to meet modern living standards. This aligns with the 'Poor' condition criteria, indicating significant defects in major components and a need for extensive system replacements and rehabilitation.
Pros & Cons

Pros

Prime Pasadena Location: Nestled in desirable Pasadena, the property is minutes from Old Town, the Rose Bowl, and a wide selection of shops and restaurants, offering excellent convenience and lifestyle.
Significant Lot Size & Expansion Potential: An impressive 10,000+ SF lot provides ample space for expansion of the existing home or the addition of an Accessory Dwelling Unit (ADU), enhancing future value.
Value-Add Investment Opportunity: The property's original condition presents a fantastic opportunity for investors or buyers to remodel and bring their vision to life, significantly increasing its market value.
Immediate Rental Income & Lease Stability: Currently tenant-occupied with a licensed assisted living business generating $3,933 per month, and a lease running through September 15, 2026, offering stable income for an investor.
Charming Architectural Style: A charming Spanish-style home, built in 1932, possesses inherent character and curb appeal that is often sought after in the Pasadena market.

Cons

Short Sale & Lender Approval: The property is a short sale, meaning the transaction is subject to lender approval, which can lead to prolonged closing times and potential complexities.
Extensive Renovation Required: Being in 'original condition' implies significant investment will be required for modernization, upgrades, and potential repairs to meet contemporary living standards.
Tenant Occupancy & Lease Assumption: The buyer must assume the existing lease with a tenant operating a licensed assisted living business until September 2026, which restricts immediate owner-occupancy and may present management challenges.

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